Gujarat Narmada Valley Fertilisers & Chemicals Q1 Results Revenue ₹2,021 Crores, Net Profit ₹115 Crores

Gujarat Narmada Valley Fertilisers & Chemicals Q1 Results Summary 

Gujarat Narmada Valley Fertilisers & Chemicals (GNFC) has reported its financial results for the first quarter ending June 30, 2024. The company achieved a revenue of ₹2,021 crores, which shows a slight decrease from the previous quarter's revenue of ₹2,110 crores but an increase compared to ₹1,652 crores in the same quarter last year. This indicates that GNFC has grown over the past year, even though the quarterly performance showed a minor dip.

The total income, including other income, was ₹2,120 crores, while the total expenses amounted to ₹1,963 crores. This led to a profit before tax of ₹157 crores for the quarter. After accounting for taxes, the net profit for the quarter stood at ₹115 crores, slightly lower than the ₹127 crores achieved in the previous quarter but higher than the ₹85 crores reported in the same quarter last year. 

Gujarat Narmada Valley Fertilisers & Chemicals’ earnings per share (EPS) for this quarter were ₹7.82, reflecting its profitability. Overall, GNFC’s financial performance in Q1 FY24 indicates a steady growth trajectory when compared to the same period last year, despite a slight decline in profitability from the previous quarter.

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Gujarat Narmada Valley Fertilisers & Chemicals Q1 Results Overview

Here’s the full information of Gujarat Narmada Valley Fertilisers & Chemicals Q1 Results: 

Gujarat Narmada Valley Fertilisers & Chemicals 

The table shows the financial details of Gujarat Narmada Valley Fertilisers & Chemicals. The company has a market value of ₹9,666 crores, and its stock is currently priced at ₹658. The highest price the stock has reached is ₹815, while the lowest is ₹543.

Here is the information in table format:

Quarterly Results Financial Metricks 

About Gujarat Narmada Valley Fertilisers & Chemicals

Gujarat Narmada Valley Fertilizers & Chemicals (GNFC) was established in 1976 in Bharuch, Gujarat. It was created by the Government of Gujarat and Gujarat State Fertilizers & Chemicals Ltd. (GSFC). GNFC is known for its large fertilizer production complex, which started in 1982 and is one of the world’s biggest. Over time, GNFC expanded its business beyond fertilizers into chemicals, petrochemicals, energy, electronics, and IT.

Gujarat Narmada Valley Fertilizers & Chemicals is committed to environmental care and responsible growth. It operates in a rich industrial area and uses local resources wisely. GNFC also focuses on community well-being. It has a township called Narmadanagar with various amenities for its employees, including a clubhouse, tennis court, swimming pool, and open-air theater. The township also features a modern hospital and a temple.

GNFC supports farmers by offering soil testing, advice on fertilizers, and education on farming techniques. They also have mobile units to reach remote areas and provide information through mass media. Additionally, GNFC runs a school and has sponsored a college in the township. The company also has a training center with advanced facilities to develop its staff. This approach shows GNFC’s dedication to both business growth and community support.